Investment authorisation saved after FCA flagged compliance concerns

The challenge

Midway through an investment authorisation, the FCA flagged concerns about the firm's compliance position - threatening the application.

Regulatory context

Authorisation for investment permissions, with FCA supplementary information requests and detailed scrutiny of the firm's compliance arrangements.

What MEMA did

• Prepared the firm's senior managers for the FCA authorisation interview with mock-interview coaching
• Navigated the FCA's regulatory concerns alongside the firm
• Prepared detailed supplementary evidence addressing each point
• Worked directly with the FCA, drawing on ex-regulator experience
• Resolved every outstanding query to the FCA's satisfaction

Timeline

All FCA queries resolved and the application brought to a successful determination.

Outcome

Successfully authorised with investment permissions.